Citigroup Inc. (NYSE:C) Shares Sold by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lowered its holdings in Citigroup Inc. (NYSE:C) by 11.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,331 shares of the company’s stock after selling 1,250 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Citigroup were worth $584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Blair William & Co. IL boosted its stake in shares of Citigroup by 0.7% during the 1st quarter. Blair William & Co. IL now owns 146,149 shares of the company’s stock worth $9,242,000 after acquiring an additional 1,074 shares in the last quarter. First Foundation Advisors lifted its stake in Citigroup by 20.6% in the 1st quarter. First Foundation Advisors now owns 2,742 shares of the company’s stock worth $173,000 after acquiring an additional 468 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Citigroup during the 1st quarter worth about $14,301,000. Pinnacle Wealth Planning Services Inc. grew its stake in Citigroup by 4.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock valued at $272,000 after acquiring an additional 164 shares in the last quarter. Finally, Nicolet Advisory Services LLC acquired a new position in shares of Citigroup in the 1st quarter valued at about $207,000. 71.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on C shares. Evercore ISI boosted their price objective on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday. Barclays lifted their price objective on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Bank of America lifted their price target on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Citigroup Stock Performance

Shares of Citigroup stock traded up $0.61 during trading on Friday, reaching $68.76. The company’s stock had a trading volume of 15,373,056 shares, compared to its average volume of 14,459,951. Citigroup Inc. has a one year low of $44.32 and a one year high of $70.20. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $130.04 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The business’s fifty day moving average price is $63.21 and its 200-day moving average price is $62.59.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the previous year, the business posted $1.52 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities research analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.